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French tech startup Distinctive Leisure Expérience, which is doing enterprise as Powder, introduced that it has secured a $14M USD Collection A financing spherical led by Paris-based enterprise capital agency Serena. Additional buyers embrace Normal Catalyst, Sluggish Ventures, Alven Capital, Banque publique d’investissement (Bpifrance) by way of its fund Digital Enterprise, Secocha Ventures, Turner Novak, and Kevin Hartz.
The startup, which was co-founded in 2018 by Stanislas Coppin (CEO), Barthélémy Kiss (Chief Development Officer), Yannis Mangematin (Chief Content material Officer), and Christian Navelot (CTO), revealed that it intends to make use of its Collection A proceeds to “enhance the tempo at which we’re constructing the video infrastructure of social gaming.”
This spherical of funding brings Powder’s complete funding to $18M, after a pre-seed spherical of $400K in August 2018 (Kima Ventures, Antoine Martin, Alexis Bonillo), a seed spherical of $1.5M in March 2019 (Normal Catalyst, Sluggish Ventures, Dream Machine, SV Angel, Brian Pokorny, Florian Kahn, Guillaume Luccisano), and a seed spherical extension of $1.3M in Could 2020 (Alven Capital, Normal Catalyst, Sluggish Ventures, Dream Machine, Seraam Make investments, Farmers, Maxime Demeure, Jean-Nicolas Vernin) and funding from Bpifrance and CNC.
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